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Drought and higher meat prices

Sven
edited August 2022 in The OT Bullpen
Some say that inflation will be sticky. Environmental impact is one of the contributor.
Texas A&M University agricultural economist David Anderson said consumers can expect higher prices long-term due to what is happening in Texas, which according to the U.S. Department of Agriculture has more than 4.5 million beef cows, or 14% of the U.S. inventory.

"The pressure will be on for higher prices, higher cattle prices, higher beef prices over the next several years as the effects of this are felt," Anderson said. "We're going to face tighter supplies of beef. And tighter supplies of beef, with nothing else going on, means higher prices."
https://reuters.com/world/us/dry-pastures-force-texas-ranchers-slaughter-ever-more-cows-2022-08-24/
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